The regular session of the 112th General Assembly passed several acts affecting General Fund and Property Tax Replacement Fund revenues and expenditures. These acts and their estimated impacts are summarized as follows:

Act

No.

Digest of the Act

FY 1998-99

FY 1999-00

FY 2000-01

GENERAL FUND AND PTRF REVENUES

SEA

3

Nurse licensing endorsement

-

10,000

10,000

SEA

7

Income tax deduction for insurance premiums

-

-

(300,000)

SEA

198

Increase exemption for the elderly

-

(8,700,000)

(8,900,000)

SEA

234

Taxation of rail car companies

-

(2,800,000)

(2,800,000)

SEA

247

Renters deduction

-

(10,700,000)

(10,800,000)

SEA

297

Increase exemption for dependents

-

(57,900,000)

(58,600,000)

HEA

1001

Eliminate property tax add-back

-

(84,700,000)

(89,100,000)

HEA

1001

Residential property tax deduction

-

(54,200,000)

(57,400,000)

HEA

1001

Earned income credit for TANF MOE

-

(3,200,000)

(3,200,000)

HEA

2022

Excise tax on trucks and trailers (1)

-

3,250,000

3,250,000

TOTAL

-

(218,940,000)

(227,840,000)

(1) Reduction in PTRF expenditure

GENERAL FUND APPROPRIATIONS AND IMPACTS

(Amounts have been incorporated into line item appropriations)

SEA

1

Public Access Counselor

-

42,500

50,400

SEA

47

Misdemeanants

-

1,800,000

1,800,000

SEA

130

Bd of Health Facility Administrators

-

1,000

1,000

SEA

235

Education Round Table

-

1,100,000

300,000

SEA

293

Hospice licensing and approval

-

46,000

46,000

SEA

662

Land resources council

-

124,500

124,500

HEA

1001

Personal Property Tax Credit

-

41,200,000

84,200,000

HEA

1093

Retired employees health insurance

-

-

636,500

HEA

1148

Courts bill

-

1,687,138

2,111,643

HEA

1547

Project Impact

-

100,000

100,000

HEA

1649

Central repository for controlled substances

-

51,000

51,000

HEA

1673

Home Health Aid Registry

-

48,500

48,500

HEA

1698

Postsecondary proprietary education grants

-

-

4,000,000

HEA

1909

Brownfields remediation

-

2,500,000

2,500,000

HEA

1986

TRF COLA

-

42,400,000

47,400,000

1999 Bill Contingency Fund

-

3,500,000

22,000,000

TOTAL

-

94,600,638

165,369,543

The regular session of the 112th General Assembly passed several acts affecting dedicated fund revenues and expenditures. These acts and their estimated impacts are summarized as follows: